LaSalle Hotel Properties to Review Revised Unsolicited Proposal from Pebblebrook Hotel Trust

BETHESDA, Md.--(BUSINESS WIRE)--LaSalle Hotel Properties (NYSE:LHO) (“LaSalle” or the “Company”) today confirmed that it received a revised unsolicited proposal from Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) on April 13, 2018 to acquire LaSalle in a transaction with consideration of 0.8944 common shares of Pebblebrook per common share of LaSalle, with the option for LaSalle shareholders to elect to receive cash up to a maximum of 15% in aggregate of the consideration, subject to pro ration.